Vector Group Ltd declares $0.40 dividend


Vector Group Ltd. (NYSE:VGR) declares $0.40/share quarterly dividend, in line with previous.

Forward yield 6.73%

Payable Sept. 26; for shareholders of record Sept. 15; ex-div Sept. 11.

Comments (7)
  • mandolin
    , contributor
    Comments (133) | Send Message
     
    Vector Group Declares Quarterly Cash Dividend
    But you fail to mention VGR Grants Stockholders Additional 5% Stock Dividend
    which by today's closing price brings the combined quarterly dividend distribution amount to 6.68%

     

    MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. Additionally, the Company declared its regular annual stock dividend of 5% for the 16th consecutive year. Both the quarterly cash and the annual stock dividends are payable on September 26, 2014 to holders of record as of September 15, 2014.

     

    .
    2 Sep 2014, 06:24 PM Reply Like
  • bunkynuts
    , contributor
    Comments (6) | Send Message
     
    Thanks, good catch!
    2 Sep 2014, 09:55 PM Reply Like
  • Fernando Soriano
    , contributor
    Comments (998) | Send Message
     
    Notice that the 5% extra is not to be paid not in cash, but in shares (split 21/20) as usual.
    3 Sep 2014, 10:19 AM Reply Like
  • DHL-2
    , contributor
    Comments (508) | Send Message
     
    Yes, and normally a 21 for 20 spit does not increase returns Y/Y, but with VGR it does because the stock price always seems to recover to net the stockholder 6.73% + 5% > 11% total return.
    4 Sep 2014, 06:09 AM Reply Like
  • mandolin
    , contributor
    Comments (133) | Send Message
     
    DHL
    Another factor that should be noted is that when VGR splits it does not decrease the dividend payout, therefore future payouts are increased by 5%. It should be noted also that on a 5 year look back VRG has increased dividends on average 4.5% annually. At this rate my math shows this to be a 9.5% annual dividend increase.
    4 Sep 2014, 07:13 AM Reply Like
  • Straw
    , contributor
    Comments (78) | Send Message
     
    bought today @23.68...
    4 Sep 2014, 10:21 AM Reply Like
  • LITTMIC2273
    , contributor
    Comments (99) | Send Message
     
    Horray $VGR is down today...time to collect 632 shrs+ div..hope price stay at $21.75-23.00 till next summer(2016)..so those investor's came in to buy the split are stuck...long on vgr since 2003($375.00 wk)...compound investing don't worry about market performance.."NO WORRY BE HAPPY, INVESTING ON VGR"
    15 Sep 2015, 10:08 AM Reply Like
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